The European Union (EU) has so far fined e-commerce company Amazon for violating privacy laws.
The regulatory body under the European Union has fined Amazon 744 million euros, or more than 100 billion rupees, for violating the General Data Protection Regulation on advertising-related matters.
Although the EU decision was made on July 16, it was made public only on Friday. The fine against Amazon is the largest since the law was enacted in the EU. Google was previously fined 50 million euros in 2019.
According to officials, Amazon does not comply with the General Data Protection Regulation when processing personal data. Amazon said the EU’s fine was “irrational” and would seek legal redress.
Amazon said in a statement that the decision was based on “Objective and untested interpretation of European privacy law and how the penalty is not reasonable.”
Amazon has also claimed that no personal information of the users has been made public. “Protecting our customers’ data and maintaining their trust is one of our top priorities,” he said. No user data is leaked or disclosed to third parties. That fact must be taken into account. ”
The Luxembourg-based data regulator has decided to impose the fine on Amazon. Remember that Amazon is headquartered in Europe in Luxembourg.
The EU’s latest crackdown on Amazon is seen as part of a series of tough measures by European regulators against major technology companies. The European Union and the United Kingdom have recently tightened regulation and control over the business activities of companies including Amazon, Apple, Facebook, and Google, accusing them of reducing competition and abusing customer privacy.
According to the EU’s privacy law, violators can be fined up to 20 million euros or 4 percent of the company’s global revenue, whichever is greater.